Canoe and iPaladin: Redefining Family Office Management with Third Lake Capital

NEW YORK, September 10, 2024 – Canoe Intelligence (“Canoe”), the financial technology company powering smarter alts management, and iPaladin, The Digital Family Office™, have joined forces and designed a new integration that redefines family office operations.

Third Lake Capital is the first mutual client to benefit from this integration, which automates and streamlines the management of complex financial documents across the entire investment lifecycle.

A New Standard for Family Offices

Canoe gathers the documents; iPaladin makes them work. As Canoe automates the collection of capital calls, distribution notices, periodic statements, and tax forms, iPaladin seamlessly integrates them into a unified system. Tasks are triggered automatically, compliance processes are updated in real-time, and key team members are alerted to act.

This integration eliminates manual data entry and ensures that every document is instantly accessible and actionable within iPaladin’s secure environment, allowing family offices to focus on what truly matters—strategic decision-making.

Tebbi Purvis, President & CFO of Third Lake, shared, “As long-time users of iPaladin, integrating Canoe was a natural and impactful step. Every year, family offices like ours invest significant time and resources in managing documents essential for financial reporting and tax compliance. This manual process can cost hundreds of thousands of dollars annually, adding up to millions over time. With Canoe automating the collection of these documents and iPaladin managing the entire lifecycle, we are now able to redirect our focus toward high-impact tasks, dramatically reducing costs and driving our mission forward.”

The Tangible Benefits

This partnership combines Canoe’s automated document collection and processing with iPaladin’s comprehensive management platform, resulting in a significant reduction in administrative workload, enhanced security through integrated compliance, and improved transparency across all operations. Family offices like Third Lake benefit from time savings, accuracy, and a system that ensures critical financial information is always at their fingertips.

Robert Forsythe, CEO of Third Lake, emphasized, “Since 2019, iPaladin has been our trusted partner in securing and managing our family’s legacy. Adding Canoe to the mix has set a new standard for family office management.”

A Visionary Partnership for the Future of Family Offices

The needs of family offices continue to evolve, particularly those managing mature private investment books across multiple generations.

Jill Creager, Founder and CEO of iPaladin, stated, “This partnership with Canoe strengthens our mission to simplify family office governance. Together, we are not just meeting today’s needs, but building a future-proof solution for generations to come.”

Peter Clancey, Head of Family Office Business at Canoe, added, “We are thrilled to deepen the value we bring to long-time iPaladin clients like Third Lake. This partnership enables us to deliver even greater efficiency, transparency, and confidence in managing family wealth.”

Following this news, Canoe and iPaladin are continuing to enhance the integration offered to mutual family office clients, including more robust data management tools to understand wealth structures like entities, assets, and accounts with more granularity and precision.

To learn more about the collaboration between Canoe and iPaladin and the results clients like Third Lake are experiencing, register for our webinar on Wednesday, October 23rd at 12pm EDT here.

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About Canoe Intelligence
Canoe Intelligence empowers over 325 institutional investors, asset servicers, and wealth managers with innovative technology to manage alternative assets efficiently and accurately. Backed by recent growth milestones and a successful Series C financing round led by Growth Equity at Goldman Sachs Alternatives, Canoe continues to redefine the future of alternative investment management.

About iPaladin
iPaladin, The Digital Family Office™, transforms family office operations by unifying wealth management into a single, proactive system. Unlike any other platform, iPaladin digitizes the entire lifecycle of every company, trust, asset, and service need—past, present, and future. This comprehensive approach anticipates needs, simplifies complex tasks, and ensures seamless transitions, making governance easy.

Since 2010, iPaladin has led the market by integrating data, documents, and workflows into a cohesive, audit-ready system. By linking every document, action, approval, and decision into a single, defensible record, iPaladin provides the transparency, accountability, privacy, and security necessary to protect and manage family wealth. With iPaladin, family offices eliminate fragmented processes, achieve true clarity and efficiency, and are fully prepared to meet today’s challenges and those of the future.

MEDIA CONTACTS:

For Canoe Intelligence
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com

For iPaladin
Jill Creager
iPaladin
+1 813-616-5950
jcreager@ipaladin.com